Expedia Group, Inc. (NASDAQ:EXPE) Position Trimmed by Ardmore Road Asset Management LP

Ardmore Road Asset Management LP decreased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 65.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,000 shares of the online travel company's stock after selling 115,000 shares during the period. Expedia Group comprises about 1.6% of Ardmore Road Asset Management LP's investment portfolio, making the stock its 26th biggest holding. Ardmore Road Asset Management LP's holdings in Expedia Group were worth $11,180,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Greenleaf Trust raised its stake in Expedia Group by 2.5% during the fourth quarter. Greenleaf Trust now owns 2,520 shares of the online travel company's stock valued at $470,000 after buying an additional 61 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Expedia Group by 14.8% in the 4th quarter. UMB Bank n.a. now owns 489 shares of the online travel company's stock valued at $91,000 after acquiring an additional 63 shares during the last quarter. Signet Financial Management LLC raised its position in shares of Expedia Group by 0.3% during the 4th quarter. Signet Financial Management LLC now owns 25,499 shares of the online travel company's stock valued at $4,751,000 after acquiring an additional 74 shares in the last quarter. Metis Global Partners LLC lifted its stake in Expedia Group by 1.8% during the fourth quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company's stock worth $773,000 after purchasing an additional 74 shares during the last quarter. Finally, Diametric Capital LP boosted its holdings in Expedia Group by 1.6% in the fourth quarter. Diametric Capital LP now owns 4,737 shares of the online travel company's stock worth $883,000 after purchasing an additional 74 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EXPE. HSBC upgraded shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 price target on the stock in a research report on Friday, February 7th. Truist Financial raised their target price on shares of Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a report on Wednesday, March 12th. Morgan Stanley lifted their target price on Expedia Group from $180.00 to $185.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. UBS Group reiterated a "neutral" rating on shares of Expedia Group in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company raised their price target on Expedia Group from $168.00 to $199.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Nineteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, Expedia Group presently has an average rating of "Moderate Buy" and a consensus target price of $193.43.

Expedia Group Price Performance

Expedia Group stock traded down $10.51 during midday trading on Friday, hitting $141.86. The company's stock had a trading volume of 4,648,075 shares, compared to its average volume of 1,955,284. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The stock's 50-day moving average price is $180.61 and its 200-day moving average price is $174.78. The company has a market capitalization of $18.28 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.22). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. Analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, March 6th. This is an increase from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's dividend payout ratio is 17.68%.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the sale, the insider now owns 74,502 shares in the company, valued at approximately $15,325,061.40. This represents a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the transaction, the director now owns 158,505 shares in the company, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Expedia Group Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.